Comprehending accounting and financial statements

(for non-accountants)

Numbers paint a thousand words.

Accounting is an essential skill every business manager should have. This coach is intended to provide you with the essential accounting skills necessary to manage a small to medium sized business and to understand accounting rules and comprehend what the accounting figures mean.

This coach will be of significant value to you regardless of whether you have accounting skills or not. Even if your position does not demand such skills, employers still appreciate individuals with typical accounting skills.

At the end of this coach we will have helped you in

• Understand basic accrual accounting concepts
• Understand meaning of fixed, variable, sunk and opportunity cost and how they relate to your business
• Interpret balance sheets and income statements
• Distinguish between assets and liabilities
• Bookkeeping
• Interpreting financial statements
• Capital budgeting